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To begin, let’s understand the frequency of biweekly mortgage payments in comparison to others as we’ve noticed this can sometimes be confusing: Monthly mortgage payments: 12 payments per year (on the same date each month)…

The magic question for every mortgage seeker: mortgage broker vs bank… which is a better fit? As a mortgage brokerage, this blog may seem biased, but if do understand at least one thing… it’s that…

When inquiring about a mortgage, it is important to know the right questions to ask a mortgage broker. These questions should be based on your individual circumstances and the best way to approach an inquiry…

What is an interest only mortgage? Well… it’s exactly that, a mortgage with payments that are NOT amortized but rather interest only payments. It may not make sense why an interest only mortgage would exist…

When it comes to loan amortization and amortization schedule, most mortgages that common home owners hold are amortized. Amortization essentially refers to the repayment of loan principal over time. When dealing with mortgages, the interest…

Points to remember when seeking mortgage for rental property: Banks will limit loan amount to 80% of purchase price/property value when approving mortgage for rental property (20% down payment required by client) If rental unit…

Home equity loans can often times  be confusing for consumers since the term can be used to describe one of many equity ‘products’ offered by the banks or lenders. Regardless, an equity loan does take…

Taking out a second mortgage is a common request in the mortgage industry, more common than it used to be. Reasons for taking out a second mortgage may include but are not limited to; debt…

I’ll say it time and time again... the best mortgage lenders aren’t just the lenders that offer the best rates. Many applicants are fixated on rate and though that’s understandable, the best mortgage lenders are…

Many times when trying to get a mortgage loan, homeowners often go through challenges. The traditional lenders may pass on your request and sometimes it may just not make sense. That’s why when it comes…

Getting approved for a self employed mortgage is definitely a more stringent process than that of the ‘employed’ route. The real reason behind this is because of one thing and one thing only – provability.…

Many homeowners turn to a debt consolidation mortgage as a way to get a grip on their finances. Many home owners find themselves with accumulating everyday debts until it gets to the point where the…